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QXO vs Aspen Aerogels: QXO and ASPN compared
QXO is the larger company: $3.2B of revenue in its latest quarter (Q2 2026) against $85.2M for Aspen Aerogels (Q3 2026). QXO is growing faster (+70% against +17% a year earlier). QXO is more profitable, with an operating margin of -1.3% against -8.4%.
Where the money goes: QXO and ASPN
QXO (QXO) · Q2 2026
QXO, Q2 2026: revenue $3.2B (+70% year over year), operating margin -1.3%, net loss $55.0M, operating cash flow −$217M. The chart follows the revenue to costs, profit and cash.
Aspen Aerogels (ASPN) · Q3 2026
Aspen Aerogels, Q3 2026: revenue $85.2M (+17% year over year), operating margin -8.4%, net loss $10.4M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| QXO (QXO) | Aspen Aerogels (ASPN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $3.2B | $85.2M |
| Revenue growth, Y/Y | +70% | +17% |
| Operating margin | -1.3% | -8.4% |
| Net earnings | −$55.0M | −$10.4M |
| Net margin | -1.7% | -12.2% |
| Operating cash flow | −$217M | −$3.8M |
| Market value | $11.9B | — |
| Analysts’ mean target | $24.06 | — |
Where the revenue comes from
Aspen Aerogels
- Thermal Barrier: $45.3M (53%)
- Energy Industrial: $39.9M (47%)
Questions
Which is bigger, QXO or Aspen Aerogels?
QXO is the larger company: $3.2B of revenue in its latest quarter (Q2 2026) against $85.2M for Aspen Aerogels (Q3 2026).
Is QXO or Aspen Aerogels growing faster?
QXO is growing faster (+70% against +17% a year earlier).
Which is more profitable, QXO or Aspen Aerogels?
QXO is more profitable, with an operating margin of -1.3% against -8.4%.
More: QXO earnings · how QXO makes money · Aspen Aerogels earnings · how Aspen Aerogels makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.